MAR Earnings Prediction
The chart below shows how MAR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MAR sees a +0.96% change in stock price 10 days leading up to the earnings, and a +0.43% change 10 days following the report. On the earnings day itself, the stock moves by -0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
MAR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.64B
6.57%
-4.27%
Gross Margin
78.94%
1.28%
-1.26%
Operating Margin
58.18%
-19.59%
-17.25%
Net Margin
35.65%
-27.14%
-20.99%
EPS
2.07
-17.53%
-23.05%
No Data Available
MAR Earnings Analysis
Marriot International Class A Common Stock Corporation (MAR.O) Earnings Conference Call
Positive
Net Rooms Growth: Net rooms grew nearly 6% year-over-year, reflecting continued momentum in our business.
RevPAR and ADR Growth: Global RevPAR increased 3% in the quarter, driven by another quarter of solid rate growth with ADR up 2.5%.
RevPAR Growth Surge: Group RevPAR rose 10% year-over-year for the second quarter in a row with robust increases in both room nights and ADR.
Global Revenue Performance: At the end of September, global group revenues were pacing roughly flat for the fourth quarter, primarily due to negative impact from the election in the U.S. and up 8% for the fully year 2024.
Global Room Expansion: We added around 16,000 net rooms, reaching more than 1.67 million rooms at nearly 9,100 properties around the world.
Negative
Flat Global Revenues: Global revenues were pacing roughly flat for the fourth quarter, primarily due to negative impact from the election in the U.S.
Decline in RevPAR: Greater China RevPAR declined to 8% in the third quarter as macroeconomic pressures led to weak domestic leisure demand and restricted pricing power.
Election Impact on RevPAR: The election impact on U.S. and Canada RevPAR is forecasted to bear around negative 300 basis points in November and negative 100 basis points for the quarter, double that of past election cycles.
Cost Savings Projections: The company expects to deliver cost savings totaling around $80 million to $90 million of annual pre-tax general and administrative cost reductions beginning in 2025, with an anticipated $100 million of charges primarily in the fourth quarter of 2024.
G&A Expense Increase Forecast: The company is currently expecting fully year G&A expense can rise 4% to 5% year-over-year.
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MAR Earning Call Sentiment
Marriott International, Inc. (MAR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MAR.O
1.39%Positive
The earnings call presents a mixed outlook. While financial metrics like gross fee revenues and adjusted EBITDA show growth, concerns arise from declining RevPAR in China and regulatory impacts. The Q&A reveals management's uncertainty about China's economic stimulus and SG&A growth, adding to uncertainty. Strong shareholder returns and luxury segment growth are positives, but supply chain challenges and competitive pressures in China weigh negatively. Overall, these factors balance each other out, leading to a neutral sentiment and expected stock movement within the -2% to 2% range.